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Business News


Markets were essentially flat yesterday as we had little news to move the markets.

In a good sign for future growth companies are building inventories.  US Wholesale Inventories rose 1.1% for the second straight month in April.  (Wall Street Journal)

There were 4.5 million open jobs in the US at the end of April, 300,000 more than the month before. Retail trade, arts, entertainment and recreation posted the strongest growth. (Reuters)

Could it be the death throes? Radio Shack posted a $98.3 million loss last quarter; more than triple what we saw the preceding quarter, as sales slid for the 9th straight quarter.  Radio Shack shares were down 22% in Tuesday’s trading. (Associated Press)

Consumer credit continued to climb to new record highs in April.  Student loans and auto financing fueled nonrevolving credit growth to an annual rate of 9.5%, the fastest growth since February 2013.  Credit card debt grew by a 12.5% annual rate, the fastest since February 2001. (Market Watch)

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED from Parrell Road to Brentwood Avenue (7/3)
  • Lane Closure on Mt. Washington Drive between Archie Briggs Road (7/1)
  • Smoke Stack Lane CLOSED between N.E. Sierra and Comet Lane (7/1)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 1, 8, 16, 29)
 
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